Now that tax season has arrived, you might be wondering whether or not you’ll owe the government money this year. How much ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

And shortly after signing the plan into law, then-President Donald Trump had the IRS change tax-withholding guidelines so that people would immediately see the difference in their paychecks.

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for federal and state taxes. With that in mind, here are some options to be ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...

Takeaways The House and Senate bills differ in key ways, including that while the House bill would provide a deduction on ...

The US Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000. This bill, if enacted into law, would also extend to business tax credits for payroll taxes on tips in ...

Average bi-weekly paycheck with federal income tax: $1,681 Tax burden: 20.7% Bi-weekly paycheck without federal income tax: $2,022 Tax burden: 4.7% Learn More: Mark Cuban Says Trump’s Tariffs Will ...

Interest on outstanding tax: If you have not paid the tax, then you will have to pay interest of 1% every month on it (under section 234A). Tax planning benefits may also be lost: If you do not ...